Athanassoglou, Stergios; Sheriff, Glenn; Siegfried, Tobias - Fondazione ENI Enrico Mattei (FEEM) - 2011
Standard economic models of groundwater management impose restrictive assumptions regarding perfect transmissivity (i.e., the aquifer behaves as a bathtub), no external effects of groundwater stocks, observability of individual extraction rates, and/or homogenous agents. In this article, we...
